India Inc's profits trip on rising costs |
- India Inc's profits trip on rising costs
- 'Annual meet old wine in new bottle'
- 'I don't control, I grab the opportunity'
- Wal-Mart may tie up with 'kirana stores'
- Munjals decide to drop 'Honda' tag
- Mukesh fails to enthuse investors
- Rupee ends at over 3-week high against dollar
- Sensex sheds 119 pts as RIL loses 1.6%
- RIL sees morning gains wiped out after muted AGM
- RIL AGM 2011 disappoints shareholders, stock falls
- Emerging markets ready to lead IMF: China researcher
- RIL to be debt-free by end of FY12
- Sun TV, SpiceJet up on short covering
- Rupee down 3 paise against US dollar
- Sensex gains 133pts in opening trade
- Indian shares rise early, Reliance leads
| India Inc's profits trip on rising costs Posted: 03 Jun 2011 04:32 PM PDT With higher interest rates, inflation and firm commodity prices putting brakes on growth, the net profit of sensex companies grew by a measly 2.9% year-on-year (y-o-y) in the January-March quarter to about Rs 38,600 crore. 
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| 'Annual meet old wine in new bottle' Posted: 03 Jun 2011 12:01 PM PDT The RIL AGM was a subdued affair since Mukesh Ambani failed to unveil any new plans on the company's projects, felt analysts. 
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| 'I don't control, I grab the opportunity' Posted: 03 Jun 2011 12:01 PM PDT In 1985, when Big Bull Rakesh Jhunjhunwala entered the market with Rs 5,000 as his initial capital, his dream was to earn about Rs 1 lakh a month... 
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| Wal-Mart may tie up with 'kirana stores' Posted: 03 Jun 2011 12:00 PM PDT US retail giant Wal-Mart has indicated its willingness to partner 'kirana stores' in its India journey with the ministerial panel appointed by the PM favouring foreign investment in multi-brand retail to tame inflation. 
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| Munjals decide to drop 'Honda' tag Posted: 03 Jun 2011 12:00 PM PDT It's end of the road for brand 'Hero Honda', one of corporate India's most recognisable brand, as the Munjals have decided to do away with the name for any new launch or even a refresh that the two-wheeler major announces henceforth. 
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| Mukesh fails to enthuse investors Posted: 03 Jun 2011 11:59 AM PDT Even after promises by Reliance Industries (RIL) chairman Mukesh Ambani at its 37th AGM to dole out chocolates and ice-creams to shareholders next year 
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| Rupee ends at over 3-week high against dollar Posted: 03 Jun 2011 07:16 AM PDT For the seventh straight session of rally the rupee inched up by one paise to close at an over three-week high of 44.81/82 against the US dollar on alternate bouts of buying and selling. 
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| Sensex sheds 119 pts as RIL loses 1.6% Posted: 03 Jun 2011 04:46 AM PDT The BSE Sensex on Friday dipped over 118 points to 18,376.48 on heavy selling in heavy-weight Reliance Industries (RIL), even as a rise in Reliance Anil Ambani led group stocks capped its losses. 
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| RIL sees morning gains wiped out after muted AGM Posted: 03 Jun 2011 04:15 AM PDT Reversing the initial gains, shares of Reliance Industries slipped by nearly 1 per cent during intra-day trade on the bourses today, as the company's annual shareholders' meet turned out to be a disappointing affair. 
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| RIL AGM 2011 disappoints shareholders, stock falls Posted: 03 Jun 2011 04:02 AM PDT Reliance Industries will work with BP Plc to address production issues at its key gas block in India, its chairman said at the firm's annual meeting on Friday, but its shares fell as investors were disappointed by a lack of specifics. 
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| Emerging markets ready to lead IMF: China researcher Posted: 03 Jun 2011 12:02 AM PDT Emerging market officials are capable of leading the International Monetary Fund, a Chinese government researcher said on Friday in an opinion piece that chided the IMF for its "outdated" order dominated by the US and Europe. 
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| RIL to be debt-free by end of FY12 Posted: 02 Jun 2011 11:10 PM PDT Reliance Industries will be free of net debt by the end of fiscal 2012, chairman Mukesh Ambani said at company's annual shareholder meeting. 
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| Sun TV, SpiceJet up on short covering Posted: 02 Jun 2011 10:58 PM PDT Shares of Sun TV and SpiceJet were trading sharply higher on short-covering and low-level buying after the stocks fell sharply on Thursday on media reports that the founder's brother and India's textiles minister was named in a lawsuit related to a telecom probe, several dealers said. 
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| Rupee down 3 paise against US dollar Posted: 02 Jun 2011 10:41 PM PDT Snapping a six-session rising streak, the Indian rupee eased marginally by 3 paise to Rs 44.85 against the US dollar in early trade on the Interbank Foreign Exchange on Friday, despite the higher opening in the stock market. 
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| Sensex gains 133pts in opening trade Posted: 02 Jun 2011 09:07 PM PDT The Bombay Stock Exchange benchmark sensex gained over 133 points in opening trade on Friday on the back of buying by funds and retail investors in stocks of oil and gas, realty and banking companies amid a firming trend on other Asian bourses. 
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| Indian shares rise early, Reliance leads Posted: 02 Jun 2011 09:07 PM PDT Indian shares rose 0.5% early on Friday, with Reliance Industries and Larsen & Toubro leading the gains. 
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